BWX Technologies Inc
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
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Item 2. Properties
The following table provides the segment name, location and general use of each of our principal properties at December 31, 2024 that we own or lease:
| Business Segment and Location | Principal Use | Owned/Leased(Lease Expiration) |
|---|---|---|
| Government Operations | ||
| Lynchburg, Virginia | Manufacturing facility (1) (4) | Owned |
| Barberton, Ohio | Manufacturing facility | Owned |
| Euclid, Ohio | Manufacturing facility | Owned |
| Mount Vernon, Indiana | Manufacturing facility | Owned |
| Erwin, Tennessee | Manufacturing facility (2) (4) | Owned |
| Commercial Operations | ||
| Cambridge, Ontario, Canada | Manufacturing facility | Owned |
| Peterborough, Ontario, Canada | Manufacturing facility (3) (4) | Leased (2036) |
| Toronto, Ontario, Canada | Manufacturing facility (3) (4) | Leased (2036) |
| Kanata, Ontario, Canada | Manufacturing facility (3) (4) | Leased (2038) |
| Vancouver, British Columbia, Canada | Manufacturing facility (3) (4) | Leased (2031) |
| Oakville, Ontario, Canada | Manufacturing facility | Leased (2029) |
| Corporate | ||
| Lynchburg, Virginia | Administrative office | Leased (2026) |
| Washington, District of Columbia | Administrative office | Leased (2033) |
| Charlotte, North Carolina | Administrative office | Leased (2025) |
| McLean, Virginia | Administrative office | Leased (2035) |
(1)Our Government Operations segment operates two facilities in Lynchburg, Virginia:
The segment's primary manufacturing plant which resides on 497 acres and has approximately 1 million square feet under roof. This facility is the nation's largest commercial high-enriched uranium processing facility and is also the largest commercial International Atomic Energy Agency certified facility in the U.S.
A center for manufacturing and research and development, referred to as the BWXT Innovation Campus. This site is adjacent to the facility noted above.
(2)Nuclear Fuel Services, Inc. ("NFS") operates this facility, which manufactures fuel for naval nuclear reactors and downblends Cold War-era government stockpiles of high-enriched uranium. NFS is the sole provider of nuclear fuel for the U.S. Navy.
(3)These facilities are licensed by the CNSC in order to allow us to fabricate natural uranium fuel and produce medical radioisotopes.
(4)These facilities are subject to review by either the NRC or the CNSC for licensee performance. The performance reviews determine the safe and secure conduct of operations of the facility.
We consider each of our significant properties to be suitable and adequate for its intended use. For further details regarding our properties, see Item 1 of this Report.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.